Blog

High Impact of Low Interest Rates on Your Purchasing Power

Interest rates for a 30-year fixed rate mortgage are currently at 3.96%, which is still near record lows in comparison to recent history!  This is According to Freddie Mac’s latest Primary Mortgage Market Survey   The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power.  Considering current Northern […]

Northern VA Homes Must Be Sold TWICE

In today’s housing market in Northern VA, where supply is very low and demand is very high, home values are increasing. Many experts are projecting that home values could appreciate by another 4%+ over the next twelve months. Sometime Northern VA homes must be sold twice because of the challenge this creates with the bank […]

Cost Interest Rate Makes

Cost Interest Rate Makes : Mortgage interest rates have come a long way in the last 30 years. The rate you secure directly impacts your monthly payment on your home and the amount of house that you can afford if you plan to stay within a certain budget. Mortgage interest rates are at their lowest […]

Mortgage Rates Reverse Course in 2017

The beginning of the year housing experts all agreed that 2017 would be the year rates would begin to rise. After years of historically low rates, and an improving economy, the question wasn’t if they would increase but instead how much they would increase. Some thought we could see rates hit 5-5.5% by the end […]

First Step to Buying a Home is a Pre-Approval

In most areas of Northern VA, the number of buyers searching for their homes greatly outnumbers the amount of homes for sale. This has led to a competitive real estate market where buyers often need to stand out. Prove you are serious the first step to buying a home is a pre approval before starting […]